this post was submitted on 31 Oct 2024
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Housing Bubble 2: Return of the Ugly
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Looks like they are charging the cost of credit card processing fees.
Yeah I’m surprised they allow the em to pay rent via credit card. Since that reduces the amount the landlord gets, it seems fair that it would charge a fee to cover that difference.
I wonder if the fee goes away if a checking account is used.
I used to live in a condo and the management company charged a fee if I used ACH from a checking account but nothing if I mailed in a check. My bank would mail checks for free so I did that. It seemed much less convenient for them to have to open and cash all those checks but that wasn't my problem.
I do this for our water company, it’s like $3 to pay it online via any method, but free for my bank to print a check and mail it to their office. I’m sure it costs more than that $3 to open the check, deposit it, and credit my account for it.